Best Buy reports slumping profit and sales for first quarter

Best Buy reports slumping profit and sales for first quarter

Neilson Barnard / Getty Images

Best Buy CEO Hubert Joly celebrates the opening of the Samsung Experience Shop at a Best Buy in New York on April 24. The electronics retailer reported slumping first-quarter profit and sales on Tuesday.

Best Buy CEO Hubert Joly celebrates the opening of the Samsung Experience Shop at a Best Buy in New York on April 24. The electronics retailer reported slumping first-quarter profit and sales on Tuesday. (Neilson Barnard / Getty Images)

Best Buy CEO Hubert Joly celebrates the opening of the Samsung Experience Shop at a Best Buy in New York on April 24. The electronics retailer reported slumping first-quarter profit and sales on Tuesday.